Business

Emirates Development Bank highlights technology focus and expertise at Middle East Banking Innovation Summit

News Desk 2 17/05/2023

Dubai, United Arab Emirates, 17 May 2023: Emirates Development Bank (“EDB” or “the Bank”), the financial engine for UAE economic development and industrial advancement, is participating in the annual Middle East Banking Innovation Summit in Dubai. The two-day event

Business GCC Saudi Arabia

Mahmoud Totonji Joins Kroll as Managing Director for Saudi Arabia

Middle East News 247 17/05/2023

LONDON — Kroll, the leading independent provider of global risk and financial advisory solutions, announced today the appointment of Mahmoud Totonji as Managing Director for Kroll Saudi Arabia. With over 20 years of experience across the banking, investment and financial services industries, Totonji is an industry veteran with deep relationships in the Kingdom of Saudi

Business

CHIEF COMPLIANCE OFFICERS NEED TO ACCELERATE THE ADOPTION OF AI FOR CREATING EFFICIENT FCC ORGANIZATIONS

Middle East News 247 17/05/2023

Dubai, United Arab Emirates — Compliance business has successfully leveraged digitization and robotization for seeking impact. It’s time to focus on artificial intelligence to gain on the overall process efficiency. Effiya Technologies partnered in the ‘FINTELEKT AML/CFT 12TH ANNUAL SUMMIT’, conducted in Mumbai, on 11th May 2023. Financial crimes are rising and becoming

Business GCC Saudi Arabia

Zain KSA Signs Agreement with Netcracker for Cloud-Based Managed Services

Middle East News 247 16/05/2023

WALTHAM, Mass. — Netcracker Technology announced today that Zain KSA has extended its partnership with Netcracker by adding cloud-based Managed Services to its deployment of Netcracker Digital BSS, Digital OSS and Customer Engagement. Capitalizing on the great opportunities for collaboration, this complete end-to-end

Business

Caroline Stanbury Joins Cocoona Clinic as Brand Ambassador

Middle East News 247 16/05/2023

Dubai, United Arab of Emirates — Cocoona Clinic is proud to announce that Caroline Stanbury, the well-known British entrepreneur, and TV personality, has joined the clinic as its new brand ambassador. As a highly respected fashion and beauty influencer, Stanbury’s partnership with Cocoona Clinic will help raise awareness of the clinic’s services and commitment

Business

ROCK YOUR PARTY WITH LG’S NEW XBOOM XL7S SPEAKER

Middle East News 247 16/05/2023

Dubai, United Arab Emirates — LG Electronics (LG) has announced the launch of its latest addition to the XBOOM series, the LG 2023 XBOOM XL7S Party Speaker. With its powerful audio performance producing immense sound, booming bass and clear high notes, the XBOOM XL7S is set to transform any party or event into an unforgettable […]

Business

Arabian Anti-Piracy Alliance CEO Scott Butler Files $67 Million Lawsuit Against Essam Al-Tamimi, Invest Bank

Middle East News 247 16/05/2023

MIAMI — The Arabian Anti-Piracy Alliance, a leading service provider for the protection of intellectual property rights, today announced that its CEO, Scott Butler, filed a $67 million lawsuit against Essam Al-Tamimi. Al-Tamimi is the founder of the largest law firm in the Middle East, which maintains seventeen offices in ten different countries. The lawsuit also […]

Business

Lynk & Co 03 and 03+ Models are Ready to Make Their Mark in the Middle East

Middle East News 247 16/05/2023

NINGBO, China — Lynk & Co, the automotive brand jointly owned by Geely and Volvo, has recently announced the export of Lynk & Co 03 and 03+ models to the Middle East region. These cars have departed from ports in China and have been transported to Kuwait, Oman and Saudi Arabia. The Lynk & Co […]

Business

Nitya Capital Closes Sale of Four Multifamily Properties in Texas

Middle East News 247 16/05/2023

HOUSTON — Nitya Capital, an international real estate investment firm headquartered in Houston, today announced the sale of four multifamily properties across the Dallas, Austin and San Antonio regions. These most recent deals total 73 property exits for Nitya since the company was founded in July 2013. Since its inception, Nitya has closed more than […]

Business

JLR DELIVERS SIGNIFICANTLY IMPROVED REVENUE, PROFIT AND FREE CASH FLOW FOR THE FOURTH QUARTER AND FULL YEAR

News Desk 2 16/05/2023

16 May 2023, United Arab Emirates, Dubai improved to £3.0 billion at 31 March 2023 with cash of £3.8 billion and liquidity of £5.3 billion (including undrawn £1.52 billion revolving credit facility) Order book at 200K units remains strong despite increased retail sales with Range Rover, Range Rover Sport and Defender representing 76% of the […]

Business

Respond.io joins forces with WhatsApp to assist GCC enterprises in driving business growth

News Desk 2 16/05/2023

UAE, May 16, 2023 Respond.io, a leading messaging platform that powers the future of business communications, has become a WhatsApp Business Solution Provider (BSP). The platform is now equipped to support and assist enterprises in the Gulf Cooperation Council (GCC) in effectively managing WhatsApp conversations with their customers and driving business growth. This

Business

DIFC Records Promising Growth in Q1 2023 Welcoming International Powerhouses Apple

News Desk 2 15/05/2023

Dubai, UAE; 15 May 2023: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, continues to attract world-class international firms to Dubai with Apple, Aramco, Baker McKenzie, JLL, Stryker, and others establishing new regional presence at the Centre. These additions reinforce DIFC’s 2022

Business

UK’s Nurse Margaret wins the coveted Aster Guardians Global Nursing Award 2023

Middle East News 247 15/05/2023

Dubai, United Arab Emirates — Margaret Helen Shepherd from UK has been announced as the winner of the Aster Guardians Global Nursing Award 2023 in a prestigious award ceremony held at Queen Elizabeth II Centre in London. The winner was announced by Dr. Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare and […]

Business

Smart Raises $95m in Series E Funding

Middle East News 247 15/05/2023

LONDON — Smart, the London-headquartered fintech transforming the global retirement savings market, today announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC (“Aquiline”), a private investment firm based in New York and London. Existing investors participating in the round include: Chrysalis Investments, Fidelity International

Business GCC Qatar

QF partner Texas A&M at Qatar graduates 126 engineers

Middle East News 247 15/05/2023

Doha, Qatar — Texas A&M University at Qatar, a Qatar Foundation partner university, graduated 126 engineers during commencement exercises held 11 May at the Qatar National Convention Centre (QNCC). The Class of 2023 includes 112 students who graduated with bachelor’s degrees in chemical engineering, electrical engineering, mechanical engineering and petroleum

NEWS DESK Business

UAE reiterates commitment to creating sustainable means to promote GCC’s economic integration & boosting investment exchanges

News Desk 2 15/05/2023

H.E. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led the UAE delegation at the 64th GCC Trade Cooperation Committee meeting, which took place recently in Muscat, Oman. The delegation consisted of H.E. Abdulla Al Saleh, Undersecretary of the UAE Ministry of Economy; and Abdullah Sultan Al Fan Al Shamsi, Assistant Undersecretary […]

Business

EFS Group Announces Partnership with HR Tech Leader Darwinbox to Elevate Employee Experience for its 25,000 Global Workforce

News Desk 2 15/05/2023

Dubai, UAE, May 15, 2023 – EFS Group, a renowned facility management company with a contract backlog of AED 6 billion providing services across 22 countries, has announced a strategic partnership with Darwinbox, the fastest-growing HR technology unicorn. This partnership solidifies EFS Group’s commitment to its people-first approach and aims to enhance the employee

Business GCC Saudi Arabia

Global Partnerships and Sustainable Financing Top Agenda at IsDB Group 2023 Annual Meetings in Jeddah

Middle East News 247 15/05/2023

Jeddah, Saudi Arabia — Policymakers and business leaders from around the world are deliberating over how to tackle obstacles to sustainable development during the Islamic Development Bank (IsDB) Group’s Annual Meetings underway in Jeddah, Kingdom of Saudi Arabia. Held under the theme, “Partnerships to Fend off Crises,” the 48th edition of the annual meetings has […]

Business

Ministry of Economy signs MoU with Presight to enhance UAE’s attractiveness

News Desk 2 15/05/2023

The Ministry of Economy (MoE) signed a memorandum of understanding (MoU) with Presight, the region’s leading data analytics company powered by artificial intelligence, to drive foreign direct investments into new sectors within the UAE. The initiative will help attract foreign companies to expand and invest in the UAE’s markets and support the partnership with the […]

Business

REVOLUTIONIZING THE FUTURE OF SMART HOMES

Middle East News 247 11/05/2023

Dubai, United Arab Emirates — The idea of a smart home has been around for some time, but with the rise of advanced technology, it is becoming more of a reality than ever before. With smart living being a growing trend, LG Electronics (LG) is committed to providing consumers with an all-around better quality of […]